Credit rating agency, CARE has reaffirmed ‘BB+’ rating to Industrial Progressive’s long-term bank facilities worth Rs 36.30 crore. The rating agency has also reaffirmed ‘A4+’ rating to the company’s short-term bank facilities worth Rs 4.32 crore.
The ratings are constrained by the working capital-intensive nature of operations, moderate financial risk profile, vulnerability to changes in the government policies and environmental conditions and competition. The ratings continue to draw comfort from the promoter’s experience in the dairy business, well-recognized brands in northern India and established procurement and marketing arrangements.
Industrial Progressive (IPIL) is an ISO 9001:2008 & HACCP certified company and is engaged in the manufacturing of various Milk products under the brand name ‘Doaba’ and ‘Milk Country’. The product range of the company includes ghee, skimmed milk powder (SMP), butter, casein, whey powder and liquid milk.
| Company Name | CMP |
|---|---|
| Varun Beverages | 484.95 |
| Nestle | 1410.05 |
| Britannia Inds | 5670.35 |
| LT Foods | 417.80 |
| Hatsun Agro Product | 1009.10 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: